State Department Announces Duration of Russian Asset Revenues for Ukraine

Blocked Russian asset revenues are expected to allow Ukraine to continue military operations until 2025, Assistant Secretary of State for European and Eurasian Affairs James O'Brien announced on Monday.

O'Brien stated that the U.S. hopes to establish a credit mechanism based on revenues from Russian assets. The State Department noted that this mechanism could enable Kyiv to receive $50-60 billion from Russian assets, which would allow Ukraine to endure until 2025.

EU foreign policy chief Josep Borrell mentioned that the decision to use revenues from Russian assets for military assistance to Kyiv could also be made without unanimous consent.

Earlier, the European Union adopted its fourteenth package of anti-Russian sanctions. It was reported that Brussels has imposed restrictions on 69 individuals and 47 legal entities. Also included in the sanctions are the Bank of Russia’s SPFR, 27 ships, liquefied natural gas, as well as Russian businessmen and cultural figures.